Residential Property Prices for Canada
QCAN628BIS • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
214.99
Year-over-Year Change
-14.92%
Date Range
1/1/1970 - 1/1/2025
Summary
The Residential Property Prices for Canada index measures changes in the value of residential real estate across the country. This metric is closely watched by economists and policymakers to assess housing market trends and their broader economic implications.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Residential Property Prices for Canada index tracks the prices of various types of residential properties, including single-family homes, apartments, and condominiums. It serves as an important indicator of housing affordability and the overall health of the Canadian real estate market.
Methodology
The data is collected and calculated by the Bank for International Settlements (BIS) using a weighted-average approach.
Historical Context
Residential property prices are a key consideration for the Bank of Canada and other policymakers when setting monetary and housing policies.
Key Facts
- The index has a base year of 2015.
- Prices have risen by over 30% since 2015.
- Housing affordability is a major policy concern in Canada.
FAQs
Q: What does this economic trend measure?
A: The Residential Property Prices for Canada index tracks changes in the value of various types of residential real estate across the country.
Q: Why is this trend relevant for users or analysts?
A: This metric is closely watched by economists and policymakers to assess housing market trends and their broader economic implications, such as affordability and consumer spending.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Bank for International Settlements (BIS) using a weighted-average approach.
Q: How is this trend used in economic policy?
A: Residential property prices are a key consideration for the Bank of Canada and other policymakers when setting monetary and housing policies.
Q: Are there update delays or limitations?
A: The data is published quarterly, with a slight delay in availability.
Related Trends
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CANLOCOSPNOSTSAM
Sales: Retail Trade: Total Retail Trade: Volume for Canada
SLRTTO01CAA189S
Consumer Price Index: OECD Groups: All Items Non-Food Non-Energy: Total for Canada
CPGRLE01CAA657N
Unit Labor Costs: Early Estimate of Quarterly Unit Labor Costs (ULC) Indicators: Labor Compensation per Unit of Labor Input: Total for Canada
ULQECU01CAQ659S
Bank Regulatory Capital to Risk-Weighted Assets for Canada
DDSI05CAA156NWDB
Stock Market Turnover Ratio (Value Traded/Capitalization) for Canada
DDEM01CAA156NWDB
Citation
U.S. Federal Reserve, Residential Property Prices for Canada (QCAN628BIS), retrieved from FRED.